India, Aug. 18 -- Admach Systems Limited has received an order worth approximately Rs 159.30 lakh, including GST, from a domestic steel and alloy manufacturing company for the supply of a Bar Handling System for an Auto-UT Machine.
Following the latest order, the company's total order book stands at approximately Rs 68.37 crore, including GST.
The order will be executed over a period of 7 months. Under the payment terms, 10% of the basic supply order value will be paid as an advance, while 80% including GST will be released against the Proforma Invoice and factory acceptance testing. The remaining 10% will be paid after successful commissioning of the equipment.
The project involves the supply of a specialised Bar Handling System designe...